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$649 - $875Studio to 1 Bedroom Apartments Available Now
Volrath
118 Palmer StIndianapolis, IN 46225
Cheap Apartments for Rent in the Fountain Square Neighborhood of Indianapolis, IN from $600 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in the Fountain Square area of Indianapolis.
2025 Southeastern Ave
IndianapolisIN46201
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$830 - $1,3491 to 2 Bedroom Apartments Available Now
Madison Lofts
1430 Madison AveIndianapolis, IN 46225
1825 S East St
IndianapolisIN46225
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$995 - $1,8951 to 2 Bedroom Apartments Available May 15
Emhardt Apartments
512 E Minnesota StIndianapolis, IN 46203
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$1,022 - $3,745Studio to 2 Bedroom Apartments Available Now
Edge 35
1224 Prospect StIndianapolis, IN 46203
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$1,0251 Bedroom Apartments Available Jul 15
522 Fletcher Ave
522 Fletcher AveIndianapolis, IN 46203
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
1617 Lawton Ave
IndianapolisIN46203
830 Weghorst St
IndianapolisIN46203
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$1,090 - $2,090Studio to 2 Bedroom Apartments Available Now
Forte Apartments
1140 Shelby StIndianapolis, IN 46203
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$1,099 - $1,249Studio Apartments Available Now
Lofts on Madison
501 Madison AveIndianapolis, IN 46225
823 Iowa St
IndianapolisIN46203
723 Lincoln St
IndianapolisIN46203
117 E Palmer St
IndianapolisIN46225
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
2142 S Garfield Dr
IndianapolisIN46203
336 Prospect St
IndianapolisIN46225
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1 to 3 Bedroom Apartments
550 Fletcher Ave
550 Fletcher AveIndianapolis, IN 46203
245 S Randolph St
IndianapolisIN46201
518 S State Ave
IndianapolisIN46203
247 S Randolph St
IndianapolisIN46201
1640 Asbury St
IndianapolisIN46203
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
1026 Laurel St
IndianapolisIN46203
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1 Bedroom Apartments
1354 Shelby St
1354 Shelby StIndianapolis, IN 46203
1626 Lawton Ave
IndianapolisIN46203
1122 S Meridian St
IndianapolisIN46225
1619 S Randolph St
IndianapolisIN46203
2036 Calhoun St
IndianapolisIN46203
1620 Palmer St
IndianapolisIN46203
Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.
1737 Terrace Ave
IndianapolisIN46203
1407 S Alabama St
IndianapolisIN46225
Showing Results 1-30, Page 1 of 1
Fountain Square, Indianapolis, IN Local Guide
How much does it cost to rent an apartment in Fountain Square?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Fountain Square Studio Apartments | $1,340 | $774 | $1,645 |
| Fountain Square 1 Bedroom Apartments | $1,576 | $649 | $2,747 |
| Fountain Square 2 Bedroom Apartments | $2,239 | $1,099 | $4,658 |
| Fountain Square 3 Bedroom Apartments | $3,054 | $1,075 | $6,564 |
| Fountain Square 4 Bedroom Apartments | $4,719 | $4,719 | $4,719 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 30 rentals with your search options within a 1 mile radius of the Fountain Square Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Fountain Square, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
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Cheapest Available Fountain Square Apartments for Rent
The cheapest available apartment rental in the Fountain Square area of Indianapolis, IN is a 1 Bed unit found at Volrath priced from $649. Madison Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $830. Here are the most affordable Fountain Square apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Volrath | **Free Month of Rent ** 128 E Palmer St - Studio | 1BR,1BA | $649 |
| Madison Lofts | The Artisan Flat 1x1 | 1BR,1BA | $830 |
| Edge 35 | S1 | Studio,1BA | $1,022 |
| Lofts on Madison | Studio | Studio,1BA | $1,099 |
| Rise on Meridian | The Amelia | Studio,1BA | $1,261 |
| City's End | Barcelona 0.1 | Studio,1BA | $1,288 |
| The Vue | STUDIO APARTMENT | Studio,1BA | $1,323 |
| The Leo | The Eli | Studio,1BA | $1,350 |
| CityWay | Amaranth | 1BR,1BA | $1,370 |
| Pinnex | A1 | 1BR,1BA | $1,386 |
Best Value Apartments for Rent in Fountain Square, IN
As of April 28, 2026 the best value apartment in the Fountain Square area is the $1.30 price per square foot M Model at Wheeler Lofts in the in the Concord neighborhood starting from $1,921. The second greatest value Fountain Square apartment is the C Model at Five Twenty Virginia starting at $1,750 with a $1.78 price per square foot in the Wholesale District neighborhood. Here is today’s list of the best values for Fountain Square apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Wheeler Lofts | M | 2BR,1BA | $1.30 |
| Five Twenty Virginia | C | 2BR,1BA | $1.78 |
| The Vue | STUDIO APARTMENT | Studio ,1BA | $1.76 |
| Forte Apartments | One Bedroom- B Style | 1BR,1BA | $2.01 |
| Lofts on Madison | Studio | Studio ,1BA | $1.63 |
| Pinnex | A1 | 1BR,1BA | $2.09 |
| Madison Lofts | The Flat 1x1 | 1BR,1BA | $1.44 |
| Volrath | 1BR/1.0BA | 1BR,1BA | $1.46 |
| City's End | Barcelona 0.1 | Studio ,1BA | $2.35 |
| The Leo | The Eli | Studio ,1BA | $2.48 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleYour Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Pet Friendly LifestyleFountain Square, Indianapolis, IN
Ranked #146
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Cheap Fountain Square Apartments
What is a cheap apartment in Fountain Square?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Fountain Square is under $1,386.
What is the price of a cheap apartment in Fountain Square?
The cheapest apartment in Fountain Square is Volrath which is listed at $649, while the average apartment in Fountain Square costs $14,345.
What types of apartments are the cheapest in Fountain Square?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 10 regular apartments in Fountain Square that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides
A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis
Written by: Wendy Melton
Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.
Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Written by: Wendy Melton
My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.
Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
Articles, How-To's, and Tips
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.